The euro area's public debt is expected to exceed 100% of its GDP in 2020, due to spending by member countries to revive economies deeply affected by the coronavirus, the European Commission announced on Thursday.
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The debt of countries that have adopted the single currency will reach 101.7% of GDP this year, a level it will maintain for the following two years.
It is particularly high in Greece (207.1% in 2020) and Italy (159.6%).
French debt is expected to reach 115.9% of GDP in 2020 and continue to grow in 2021 and 2022.
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